Cardano, a well-known public blockchain and cryptocurrency, continues to experience impressive growth, buoyed by developments in its DeFi sector and the launch of new projects. Recently, Cardano completed a milestone by exceeding 4 million total addresses, 79,196 of which hold non-zero balances. An analysis revealed that the number of non-zero addresses on the Cardano network could reach a cumulative 10 million by 2025. This would mark a 4.4 times growth in the number of non-zero addresses since the start of 2021, further bolstered by the broad bull market expected to begin in the same year.
The recent growth in Cardano’s non-zero addresses has been attributed to the launch of its staking system, a 50 times increase in non-zero addresses within a year and the launch of new projects such as the USDA stablecoin and Hydra chain. The rapidly growing DeFi TVL currently stands at 369 million ADA, further amplifying the network’s user base. Should Cardano’s growth rate match predictions, the network could be looking to achieve 10 million non-zero addresses by the end of 2025. This would mark a significant step towards global cryptocurrency adoption and highlight the immense potential of the Cardano blockchain.
Mary King
- 2023-04-07
Surpassing 4 Million Addresses: Cardano Aiming for 10 Million Cumulatively By 2025
Cardano, a well-known public blockchain and cryptocurrency, has experienced impressive growth recently. It has recently completed a milestone by exceeding 4 million total addresses, 79,196 of which hold non-zero balances. The growth in Cardano's non-zero addresses has been attributed to the launch of its staking system, a 50 times increase in non-zero addresses within a year and the launch of new projects such as the USDA stablecoin and Hydra chain.
